Infrared Search and Track System Market Size
Global Infrared Search Track (IRST) System Market is projected to reach USD 7.03 Billion and register a CAGR of 5.6% between 2020 and 2027. The increasing need for enhanced situational awareness and enhanced security and immunity over radars are primarily driving the growth of the market. Additionally, rising defense expenditure is driving the growth of the market.
Market USP
Increasing need to upgrade situational awareness systems
Key Players
Aselsan AS (Turkey), HGH Systems Infrarouges (France), Leonardo Spa (Italy), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Rheinmetall AG (Germany), Safran SA (France), Thales Group (France), Tonbo Imaging Private Limited (India)
Growth Opportunities in the Infrared Search Track (IRST) System Infrared Search Track (IRST) System Market
The scanning head segment is expected to grow at the highest rate: The scanning head segment is also expected to register the highest CAGR during the forecast period, 2019 to 2026. The growth can be attributed to the high utilization of scanning head in the Infrared Search Track (IRST) System Market
The defense segment is expected to witness the highest growth in the market: The defense segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. This is due to the increasing demand for IRST systems to improve military situational awareness.
The airborne segment accounted for the largest share in 2019: The airborne segment accounted for the largest share in 2019. This is due to the increasing use of airborne solutions for many defense applications such as intelligence, tracking, surveillance, and missiles and fire control.
The land segment is expected to register the highest CAGR during the forecast period.
Table Of Contents
- Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global IRST System Market, By Component
1.1.2. Global IRST System Market, By End User
1.1.4. Global IRST System Market, By Region
- Market Introduction
2.1. Market Definition
2.2. Scope Of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
- Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
- Market Insights
- Market Dynamics
5.1. Introduction
5.2. Drivers
5.2.1. Increasing Need for Enhanced Situational Awareness
5.2.2. Increasing Defense Expenditure
5.2.3. Enhanced Security and Immunity Over Radars
5.2.4. Drivers Impact Analysis
5.3. Restraint
5.3.1. Limited Operational Range of IRST System
5.4. Opportunities
5.4.1. Increased Focus on Military Modernization
5.5. Market/Technological Trends
5.6. Patent Trends
5.7. Regulatory Landscape/Standards
Global Infrared Search Track (IRST) System Market Research Report: Information By Component (Scanning Head, Processing Control Electronics and Display), Platform (Land, Maritime, Airborne and Space), End User (Civil and Defense) and Region (North America, Europe, Asia-Pacific, Middle East Africa and Latin America) - Forecast till 2027 @https://www.marketresearchfuture.com/reports/infrared-search-track-system-market-10146
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